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FG Partners With Wema Bank To Empower 500,000 Women, Launches Mowa x Sara Accelerator Program
MOWA x SARA Accelerator Program: Wema Bank has partnered with the Federal Ministry of Women Affairs to launch the MOWA x SARA Accelerator Program, an initiative aimed at empowering 500,000 women across Nigeria with vocational and business management skills.
The initiative also aims to promote gender equality and economic empowerment.
Wema Bank Mowa x Sara Accelerator Program
The new initiative was disclosed at a Memorandum of Understanding signing ceremony at the Ministry of Women Affairs in Abuja.
SARA by Wema is Wema Bank’s women-focused proposition established to promote gender inclusion and equality by empowering women with tailored resources, opportunities, and solutions essential to enable them to thrive personally and professionally.
Through SARA, Wema Bank has empowered thousands of women in the country to access finance and market, networking opportunities, free healthcare, and a host of other benefits curated specifically for women; partnering with reputable brands and institutions where ideal to proliferate impact.
The newly inaugurated MOWA x SARA Accelerator program is one of such partnerships positioned to transform the lives of women across the country.
According to the bank’s Executive Director of Retail and Digital, Tunde Mabawonku, “Nigeria’s ever-evolving macroeconomic landscape calls for an acutely intentional approach to providing tailored solutions and opportunities to empower our people, especially women.”
Also Read: Wema Bank to Continue Operating Nationwide, Says CEO
Processes of the Program
MOWA x SARA Accelerator program is set to run for 24 months and will cover 36 states and the Federal Capital Territory.
Additionally, the focus will be on two areas: vocational skills and business management skills with a schedule encompassing two days of soft skills and business management skills, followed by two days of vocational training.
The 5-day in-person training session will be organized into eight cohorts with the initial pilot phase starting in Anambra and spanning to Ekiti and Kano, a statement by the bank said.
Minister for Women Affairs, Uju Kennedy-Ohanenye, stressed the importance of empowering women to address prevalent challenges faced due to gender inequality.
“I believe that if we empower women and they start making money, a lot of challenges will be averted.”
Kennedy-Ohanenye commended Wema Bank’s commitment to women’s empowerment.
“This partnership extends beyond the Federal Ministry of Women Affairs to Nigerian women. Also, our goal is to ensure the sustainability of women empowerment initiatives.”
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